Company Number: 12691278

Analysis Date: 2025-07-20 16:16 UTC

1. Risk Rating: MEDIUM
   The company shows a decline in net current assets and shareholders’ funds in the latest year, with a sharp reduction in current assets and no current liabilities reported, which is unusual. The presence of provisions and accruals without corresponding creditors raises questions on financial clarity. The micro-entity status limits detailed disclosures, and the company employs no staff, which may impact operational stability.

2. Key Concerns:

• Liquidity decline: Current assets dropped from £83,124 to £36,590 year on year, significantly reducing liquid resources.
• Provisions without creditors: The balance sheet shows £9,046 in provisions and £3,520 in accruals but zero current liabilities, which may indicate deferred obligations or unclear liabilities.
• No employees and limited activity: No employees reported and a minimal fixed asset base (£245) suggest limited operational scale or potential inactivity risks.

3. Positive Indicators:

• No overdue filings: Both accounts and confirmation statements are up to date, showing compliance with regulatory requirements.
• No current liabilities: Absence of short-term creditors may suggest absence of immediate debt pressure.
• Shareholders funds positive: Despite the decline, equity remains positive at £24,269, indicating net asset backing.

4. Due Diligence Notes:

• Clarify the nature and timing of the provisions and accruals, and why current liabilities are zero despite these entries.
• Investigate the reason for the sharp decrease in current assets and the impact on cash flow.
• Understand the business model and revenue generation given no employees and micro classification; verify operational viability.
• Confirm there are no director conduct issues or pending legal matters affecting governance.